{"id":49101,"date":"2024-12-13T16:11:36","date_gmt":"2024-12-13T16:11:36","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/20-nations-may-remain-trapped-in-poverty-by-2050-if-their-gdp-rates-dont-recover-world-bank"},"modified":"2024-12-13T16:59:58","modified_gmt":"2024-12-13T16:59:58","slug":"20-nations-may-remain-trapped-in-poverty-by-2050-if-their-gdp-rates-dont-recover-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/20-nations-may-remain-trapped-in-poverty-by-2050-if-their-gdp-rates-dont-recover-world-bank","title":{"rendered":"20 nations may remain trapped in poverty by 2050 if their GDP rates don\u2019t recover: World Bank"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>The World Bank said that only six out of 26 countries classified as low-income are projected to reach middle-income status by 2050 if there is no sustained improvement in their growth rates.<\/p>\n<p>The findings come in a section published by the World Bank of the Global Economic Prospects Report, which will be released in January 2025, covering the performance of 26 low-income economies.<\/p>\n<p>In a statement, the bank said the next 25 years could be decisive in terms of whether the world&#8217;s 26 poorest countries will move to middle-income status.<\/p>\n<p>Pointing out that these countries are among those where more than 40% of the population struggles to survive on less than $2.15 a day, the statement emphasized that the countries constitute the focal point of global efforts to end extreme poverty.<\/p>\n<p>But progress in these countries has been stalled by escalating conflicts, frequent economic crises and persistently weak growth, the statement said.<\/p>\n<p>Noting that progress in the last 25 years has mostly bypassed these countries, the statement noted that the World Bank classified 63 countries as \u201clow-income\u201d at the beginning of the 21st century.<\/p>\n<p>The statement said that 39 countries including India, Indonesia and Bangladesh joined the ranks of \u201cmiddle-income\u201d countries, while Syria and South Sudan joined the ranks of \u201clow-income\u201d countries in the 2010s, adding that these countries have stagnated, with their GDP per capita growing at less than 0.1% annually over the past 15 years.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Mauritius<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. The World Bank said that only six out of 26 countries classified as low-income are projected to reach middle-income status by 2050 if there is no sustained improvement in their growth rates. The findings come in a section published by the World Bank of the Global Economic Prospects Report, which will be [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":49100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[241,839,1741,5167],"class_list":["post-49101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-mauritius","tag-poverty","tag-world-bank","tag-world-gdp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>20 nations may remain trapped in poverty by 2050 if their GDP rates don\u2019t recover: World Bank - Mauritius<\/title>\n<meta name=\"description\" content=\"The World Bank said that only six out of 26 countries classified as low-income are projected to reach 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